Indian Economy

The Factoring (Regulation) Amendment Bill, 2020- All You Need to Know

The Rajya Sabha, on Thursday, passed the Factoring (Regulation) Amendment Bill, 2020 [amending the Factoring (Regulation) Act, 2011] to increase the participation of Non-Banking Financial Companies (NBFCs) in the factoring sector. Amid the Pegasus scandal, the reform went largely unnoticed. Nevertheless, it has significant implications for the micro, small and medium enterprises (MSME) sector, as …

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The DHFL Crisis – What are the Latest Developments?

In November 2019, the Dewan Housing Finance Corporation Ltd. (DHFL- a Non-Banking Financial Company providing home loans) was referred to the National Company Law Tribunal (NCLT) by the RBI for insolvency proceedings under the Insolvency and Bankruptcy Code 2016 (IBC) owing to default in meeting its payment obligations. [Insolvency is the inability of individuals or …

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The New E-Commerce Rules and its Impact- Explained

On 23rd July 2020, the Central Government had notified the Consumer Protection (E-Commerce) Rules, 2020 [‘Rules’] under the Consumer Protection Act, 2019. Last month, the Government proposed draft changes to these Rules and sought stakeholder comments for the same. Recently, various industry associations and e-commerce entities have submitted their recommendations to these amendments and called …

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Cairn vs India Dispute- All You Need to Know

Cairn Energy PLC (Cairn) hit the headlines in June 2021 when it announced the take over of the ownership of the Indian Government’s properties in Paris. It was done to enforce the arbitration award won against the Indian Government at an international tribunal in December 2020. Through this article, we have tried to explain the …

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COVID-19 Vaccination- Steps to Improve the Pace of the Programme

[Read this post to understand the factual background of India’s vaccination programme] [Note- From 1st April, 2021, everyone above the age of 45 is eligible to get the vaccine] The Government has capped the price of each vaccine dose at Rs. 250. Besides, only the Government can control the procurement of both the vaccines and …

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Economic Survey 2021 on De-Regulation and ‘Process Reforms’

[The link to the Chapter can be found here] The Economic Survey 2021 was released on 30th January 2021. The ‘Economic Survey’ is a summary of the ‘annual economic development in the country throughout the year,’ released before the Union Budget. It is drafted by a team led by the Chief Economic Advisor (CEA) of the country. At present, this …

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The Economic Survey 2021 on Growth, Inequality, and Poverty

[The link to the Chapter can be found here] The Economic Survey 2021 was released on 30th January 2021. The ‘Economic Survey’ is basically a summary of the ‘annual economic development in the country throughout the year,’ released before the Union Budget. It is drafted by a team led by the Chief Economic Advisor (CEA) …

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